The report “Converter Transformer Market - Global trends and forecast to 2020’’ defines ,segments analyses and forecasts the global Converter transformer market. It also identifies driving and restraining factors for the converter transformer market, with an analysis of trends, opportunities, and challenges.

The market has been segmented and the market sizes have been projected on the basis of regions, such as Europe, Asia-Pacific, and Americas. Converter transformer market is projected to reach $2,316.1 Million by 2020, at a CAGR of 18.2% from 2015 to 2020.

Key applications have been covered and projected for each region. Further, the market is segmented on the basis of voltage level, configuration, and power rating.

Asia–Pacific market size in terms of value is expected to account for the largest market share in the next five years

Asia-Pacific region is the largest market for Converter transformer market. The region has been experiencing rapid development in its power transmission and distribution industry since the last 5 years and accounted for more than one-third of the total market in 2014. The region is expected to grow further during the forecast period, which can be attributed to the increasing investments in HVDC transmission projects.

Converter transformer market, on the basis of application, is categorized into three primary segments: Grid interconnections, windfarms, and oil & gas. Grid interconnection application held around two-third of the total market for Converter transformer in 2014. Windfarms application is estimated to be the fastest growing application market for Converter transformer between 2015 and 2020. The key driver for the market is the increasing focus on renewable energy generation especially the offshore wind energy.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.